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Which one of the following statements is true under the Indian Contract Act, 1872?

Section 29 of the Indian Contract Act, 1872 makes void an agreement whose meaning is not certain or capable of being made certain, so "An agreement, the meaning of which is…

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Which one of the following statements is true under the Indian Contract Act, 1872?

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Correct answer C

Section 29 of the Indian Contract Act, 1872 makes void an agreement whose meaning is not certain or capable of being made certain, so "An agreement, the meaning of which is not certain, is void" is true. An intimation of the lowest acceptable price is only information, not a proposal (Harvey v. Facey); an agreement opposed to public policy is void under section 23, not voidable; and wagering agreements are void under section 30 but not illegal (Gherulal Parakh v. Mahadeodas, 1959).

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